Monthly Archives: July 2023
Showing articles 21 - 24 (24 total)
07Jul11:52 amEST
The Fed Checked Out of Inflation
But they can't ever leave. Despite a cooler jobs report this morning than the ADP data yesterday implied, fears of another Fed rate hike later this month remain very much in play. Small caps are trying to shrug that off by bouncing back from yesterday's selloff. However, I am looking for $186 (just above spot price) on the IWM ETF for the...
06Jul10:49 amEST
I Had to Get it on, Man; Inflation Was Making a Move
Prior comparisons to bull runs in stocks amid higher rates miss the mark insofar as the debt-to-GDP ratio being in the stratosphere this time around, not to mention a prolonged period of QE/ZIRP/"stimmies" policies enabling plenty of companies to not only survive but thrive when they otherwise would not have lasted a year or two in normalized...
05Jul1:36 pmEST
Rates Don't Matter; Its Cool, Guys
Coming off the holiday, and in front of the Fed Minutes at the bottom of the hour, we have rates on the 10-Year Note zooming up beyond 3.9% as I write this. Equities are mixed, with the Nasdaq turning in another too-cool-for-school session so far, completely ignoring the spike in rates. Bulls are pointing to this as even more evidence that both...
02Jul7:57 amEST
Weekend Overview and Analysis 07/02/23 {Video}
The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...